Cooper’s tender offer for McGraw-Edison expired.
Houston-based Cooper Industries said that its $65-per-share cash tender offer for McGraw-Edison shares expired at 6 p.m. EDT Thursday and that it had received about 15.64 million shares, or 94.5% of the total outstanding. Cooper said it has purchased all shares that were validly tendered by the expiration date and is paying for them as soon as possible. Its merger with Rolling Meadows, Ill.-based McGraw-Edison is expected to be completed about May 31.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.